Chart: CONTINGENT COMPENSATION
Posted On: Oct. 22, 2006 12:00 AM CSTMajor developments in the recent history of Hilb Rogal & Hobbs Co.
1997-1998: Former Hilb Rogal & Hobbs Co. Chief Executive Officer Andrew Rogal oversees contingent compensation agreements with several insurers.
May 1999: HRH acquires American Phoenix Corp.; Robert Lockhart appointed head of HRH's Hartford office and Northeast regional director; Martin L. Vaughan III named HRH's chief operating officer.
2003: Mr. Vaughan promoted to chairman and CEO of HRH; Mr. Lockhart named president and COO.
November 2004: Connecticut Attorney General Richard Blumenthal subpoenas HRH for information about its contingent compensation practices.
May 24, 2005: HRH provides information in response to Connecticut AG's subpoena and voluntarily discloses alleged improper pay- ments to Physicians for Women's Health.
May 25, 2005: HRH terminates Mr. Lockhart, citing his involvement with the PWH account.
July 1, 2005: HRH files arbitration complaint to void Mr. Lockhart's employment contract.
Aug. 31, 2005: Mr. Blumenthal simultaneously sues and settles with HRH over compensation and other alleged abuses; HRH agrees to pay $30 million in client restitution and a $250,000 fine for allegedly illegal rebates to PWH.
May-August 2005: HRH issues documents and makes public comments that Mr. Lockhart says create the false impression that his actions were responsible for HRH's $30 million settlement.
August 2006: Mr. Lockhart sues HRH for defamation.
Source: Court filings